Jumbo Smart loan

Bigger mortgages fund bigger dreams

Finance homes up to $3.5 million

Competitive interest rates

One loan covers more

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The ins & outs of Jumbo Smart loans

Key benefits

Flexible rate options

Jumbo Smart rates could be similar to standard conforming loan rates.

Less paperwork

Some jumbo programs ask for less documentation than you’d expect.

Choose what works best

Depending on eligibility, options can include fixed rate, ARM, and more.

What's required

Strong financials required

Jumbo loans look for higher credit scores and lower debt-to-income ratios.

More money down

Expect to put down at least 10–20% down, depending on the property and profile.

Cash reserves needed

You may need to have about 6 payments in reserves saved for after closing.

Explore, compare, find the right fit

Best for

Loan limit

Credit score

Down payment

Jumbo Smart loan

Best for

You need a larger loan for a higher-priced home

Loan limit

Up to $3,500,000

Credit score

680+

Down payment

10% – 25%

Best for

You want a standard loan for a home within limits.

Loan limit

$806,500 - $1,209,750

Credit score

620+

Down payment

3% – 20%

Learn more

30-year loan

Best for

You need a larger loan for a higher-priced home

Loan limit

Up to $3,500,000

Credit score

680+

Down payment

10% – 25%

Best for

You want a standard loan for a home within limits.

Loan limit

$806,500 - $1,209,750

Credit score

620+

Down payment

3% – 20%

Learn more

Jumbo Smart loan

30-year loan

Best for

You need a larger loan for a higher-priced home

You want a standard loan for a home within limits.

Loan limit

Up to $3,500,000

$806,500 - $1,209,750

Credit score

680+

620+

Down payment

10% – 25%

3% – 20%

Learn more

Discover more loan options

Tools to explore

Questions? We’ve got answers.

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Call (888) 452-8179

A jumbo loan is a mortgage for amounts over conforming loan limits. If you’re buying or refinancing a home and need a loan amount that exceeds these limits, in most cases you’ll need a jumbo loan.

Conforming loan limits are loan amounts that define what’s a jumbo loan and what isn’t. They’re set by the Federal Housing Finance Agency. In 2024, the conforming loan limit for most of the U.S. was $766,550. So if you bought or refinanced a house for more than that amount, you’d probably need a jumbo loan.

Conforming loan limits are higher in certain parts of the U.S. where home values are more expensive, like Alaska, Hawaii and California. You can see all the limits on this FHFA map.

It’s hard to make comparisons because so many factors affect the rate you get. Looking at Rocket Mortgage rates on September 17, 2024, jumbo mortgage rates were lower than 30-year fixed conventional rates. But the best way to find out what your rate will be is to talk to us or apply.

Because jumbo loan amounts are larger, generally you’ll need better credit, more income and lower debt compared to conventional loans.

Learn more about loan types